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Syllabus: GS-2: Government Policies & Interventions GS-3: Growth & Development Focus: The Economic Survey 2024-25 forecasts India’s growth between 6.3% and 6.8% for 2025-26, citing strong economic fundamentals but acknowledging uncertainties in urban demand and investment. It emphasizes the need for deregulation, fostering trust, and indigenising key sectors to meet growth aspirations for 2047. India’s …
Read MoreWhy in the news? The government introduced the Mutual Credit Guarantee Scheme to provide loan guarantees up to ₹100 crore for MSMEs, supporting equipment purchases and fostering growth, technological advancement, and industrial development in small and medium businesses. About Mutual Credit Guarantee Scheme (MCGS-MSMEs): The Mutual Credit Guarantee Scheme (MCGS-MSMEs) is a newly launched initiative …
Read MoreSyllabus: GS-3: Growth & Development , Fiscal Policy Focus: The Indian government faces an economic slowdown, with private consumption and investment stagnating despite efforts like capital expenditure. The upcoming 2025 Budget is seen as a crucial opportunity to shift fiscal priorities toward social welfare and employment generation to stimulate economic recovery. Understanding the Growth Decline: …
Read MoreWhy in the news? The India-Middle East-Europe Economic Corridor (IMEC) was launched during the 2023 G20 Summit to improve trade ties, reduce costs, promote sustainable development, and integrate infrastructure across India, the Middle East, and Europe. India-Middle East-Europe Economic Corridor (IMEC): IMEC: Connectivity initiative strengthening economic ties between India, Arabian Peninsula, Mediterranean, and Europe. Announced …
Read MoreSyllabus: GS-3: Fiscal Policy, Monetary Policy, Capital Market Focus: The Indian rupee has recently experienced sharp devaluation due to rising capital outflows, increasing import costs, and a shift in RBI’s exchange rate policy, raising concerns about inflation, export competitiveness, and economic stability in a global context of financial uncertainties. Understanding Exchange Rate Dynamics: Exchange Rate …
Read MoreWhy in the news? China’s trade surplus surged to $992.2 billion in 2024, fueled by strong exports, particularly in high-value sectors like electric vehicles, batteries, and solar panels. This comes as the nation prepares for potential challenges from international trade policies. Key Points: Strong Export Growth: China’s exports in 2024 rose by 9%, reaching $3.58 …
Read MoreWhy in the News? The National Statistical Office (NSO) released the first advance estimates for GDP for the financial year 2024-25 on January 7. India’s economy is projected to witness a year-on-year (YoY) slowdown in GDP growth: Growth rate for 2023-24: 2% Expected growth rate for 2024-25: 4% The YoY decline may not fully reflect …
Read MoreWhy in the news? Union Minister Sarbananda Sonowal announced plans to transform Deendayal Port into a mega port within three years, with a cargo handling capacity of 300 million tonnes annually, alongside projects like a shipbuilding cluster to boost regional growth. About Development Plans for Deendayal Port: Union Minister Sarbananda Sonowal announced that Deendayal Port …
Read MoreWhy in the news? The UN’s World Economic Situation and Prospects report highlights India’s projected 6.6% growth in 2025, easing currency pressures, infrastructure-driven expansion, robust exports, and opportunities from untapped critical minerals amid persistent gender disparities. India’s Economic Outlook for 2025: India’s economy is projected to grow by 6% in 2025, driven by robust private …
Read MoreWhy in the News? The World Economic Forum (WEF) released its Future of Jobs Report 2025, predicting significant job trends by 2030. It forecasts 170 million new jobs will be created globally, while 92 million jobs will be displaced, resulting in a net addition of 78 million jobs. The report emphasizes technological advancements, demographic shifts, …
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